Like other technology forecasters, Juniper Research in a new report predicts the Internet of Things is poised for explosive growth. But the IoT also represents “an unmanageable cybersecurity risk” unless its developers take preventative action, Juniper says. In its report, “Internet of Things for Security Providers: Opportunities, Strategies, & Market …

Fourth-quarter profits and U.S. charge volume declined while marketing expenses increased for American Express Co. as the company continued to dig its way out of the hole left last year by the termination of its U.S. cobranding and acceptance pact with Costco Wholesale Corp. New York City-based AmEx reported Thursday …

The Electronic Transactions Association went on record Tuesday supporting the Office of the Comptroller of the Currency’s proposed limited-purpose national bank charter for financial technology companies, but a national trade group of small banks “expressed strong concerns” about the idea. The opinions expressed by the ETA and the Independent Community …

Leading retail ATM network owner and operator Cardtronics plc announced expanded agreements Tuesday with the big drug-store chain Walgreens and banking giant Citigroup Inc. that will put Citi’s brand on more than 1,000 Cardtronics ATMs in Walgreens and Duane Reade stores in some key markets, including New York City and …

The announcements about new point-of-sale and mobile-payment systems and related services came fast and furious Monday at the National Retail Federation’s annual Big Show underway in New York City. • Samsung Electronics America, Inc. and independent sales organization Total Merchant Services Inc. announced the availability of TMS’s Groovv POS Flex, …

Founded in 1990 as the national trade group of independent sales organizations, the Electronic Transactions Association is taking on a decidedly technology-oriented hue as the payments industry rapidly evolves. The ETA announced last week that an Apple Inc. executive was elected to a two-year term on its board of directors, …

U.S. online retail spending through home and work desktop computers in the 2016 holiday season totaled $63.1 billion, up 12% from $56.4 billion in 2015, Internet metrics firm comScore Inc. reported Thursday. “The 2016 online holiday shopping season had another successful year, with desktop growth rates in line with our …

The United Kingdom’s Competition and Markets Authority (CMA) is questioning Mastercard Inc.’s planned $920 million acquisition of London-based VocaLink Holdings Ltd., a deal which if consummated would give Mastercard a strong presence in several non-card payment systems, including the Faster Payments initiative in the United States. VocaLink operates Bacs, the U.K.’s …

It’s been said for years, but 2017 finally could be the year for mobile payments, according to Chetan Sharma, a prominent consultant in the mobile-technology space. “Fueled by demonetization in India and the rise of viable mobile-payment solutions worldwide, we expect mobile payments to enter the consumer consciousness in a …

The Federal Reserve’s recently released 2016 Payments Study shows that counterfeiting was the biggest type of U.S. card fraud last year. But other types of fraud, especially card-not-present fraud, are rising quickly, thanks in part to the coming of EMV chip cards and the aftereffects of data breaches. The Fed study says counterfeit fraudaccounted …